St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-04-13
But Meagre Amount of Storage Room
at Present Vacant for Grain in
Chicago.
The Space Now Available Will Probably
All be Taken Within the Next
Ten Days.
Between That Time and Navigation's
Opening There Will be
Blockade.
Transactions in the Financial Cir
cles of Wall Street - General
Quotations.
Special to the Globe.

o.
not left room in the Chicago elevators for
more 100000 bushels of grain of all sorts.
This will probably arrive here in the next ten
days. and as navigation will not be open be-
fore the 25th there will then be a grain block
AIDE. There was in store here Saturday night
23,207,10 S bushels of all kinds OF grain. All
the houses are full except three. There is
room for about 100000 bushels more in the
Buckingham houses, for 100000 bushels
more in the Munger, Wheeler s. Co. houses.
and for 100000 bushels more in the Harper
houses. This taken, the grain will Lave to
stay back or pile up on track. Wheat, after
the first furry Of selling, went to SIC, and
kept from noon till l O'Clock little above
that figure. The trading beanie exception
ally dull There were outside orders, and
the local crowd, which was disposed tC
sell, dared not when it saw the clique
houses ''pegging' the market. In corn there
was q very weak feeling, caused by the re-
ceipts which were some sixty cars heavier
than anticipated. and by the estimates for to-
morrow which also put the car lots pretty
high When the market was easiest to-day,
at S23Ec, Irwin, Green & Co., and Field, Lind
ley Co., were
BUYERS OF WHEAT.
Kershaw & Co. had reports from the eX-
IRENE Northwest of Sleet storms, which are
certainly not favorable rto planting. These
purchases, and the reports of cold storms in
the Northwest and of the absence OF rain in
up &c, but there was very little snap TO the
speculation. II was u little remarkable that,
although the rain which was promised for
this quarter did not make its appearance, the
wheat crowd all appeared at the start to be i'll
selling mood. There was little rain
in KanSaS--a state that needs great deal
and some rain in the Northwest, where it was
reported roo dry for the spring wheat farmers
10 do their planting. AS for any such general
rains rs the weather experts promised yester-
day and the day before, and the day before
that-they were not realized. The weakness
ut the opening was probably due TO the little
uneasiness over the clique prospects. This
sort of ureaSineSS has taken possession OF
the crowd already 4 dozen times within the
last thirty days. Each time the spasm has
been suffered the ''tailerS' have been seized
with panic, and either believing that the
IDEAL was no good or that the IDEAL was TO
De abandoned" have turned sellers. So far
the clique have survived all the rumors. 1t
will probably survive these. but because they
we're rife yesterday and to-day May wheat sold
as low at the opening as So sc.
THE ROUTINE REPORT.
CHICAGO, April 12.--The wheat market was
quiet and generally easier though at the close
values were higher than on yesterday. For
eign advices were dull and quoted Il down.
ward tendency in prices. Rain was reported
in the West and Southwest, though not gen.
eral. The crop advices from Indiana were
unfavorable. Very few outside orders were
received and local operators generally APP
peared to be content in watching the market.
Receipts continue fair. CearingS from the
Atlantic seaboard aggregated 112 600 bu.
The market opened Il shade easier ut $3.50
for May delivery. broke off to S2$Ec. rallied to
S3ls0S314c and closed for the day at S3c. The
receipts OF corn were larger and there was 4
steady pressure to sell, which caused May to
decline to 3S1sc, where the market closed for
the day, or sc below the close on YESTERDAY.
flafS
tendency to break prices ana the market
closed sc lower. Mess pork showed no
change. Lard was about sc higher early in
the day, but closed finally a shade easier.
shorts were anxious purchasers of short
ribs and the market was up 20c early in the
day, but broke off 2502719, and closed 59712c
over than yesterday. a
THE QUOTATIONS..
The leading futures ranged as follows:
wheat-No. 2, April, opened at 7734c clos
ing at 1s14c; May, $3.50, closing at s3c:
Iune, 81 sc, closing at S059c; July, sic, clos
ng at sic. Corn-No ?, April 35c, closing
II 341ac: May, 393sc, closing at $500; June,
:0$4c, closing at 4014c: July, 42c, closing
1t 415Sc. Oats-No April, 245sc, closing
1t 24$4c; May, 293sc, closing at 291ac; June,
,97sc closing at 2.5sc. Mess pork, per barrel
April, $50. 10 closing at S2O.75; May. $21, clos
ng SCI; June, ST., closing at Sol Lard, per
100 pounds-April, $3.50. closing at S745;
Nay, $7.57%, closing at $3.50; June, S7.65, clos
ny at S7.57%; July. S7.75, closing at
ss.65; Short ribs s. per 100 po9nds-Apr
1t SS.42%; June. $50, closing at
sS.521%; July. S. S71z, closing at $500.
Cash quotations were as follows: Flour
steady and unchanged. Whear--No. 2 spring,
'SA@Sl1sc; No. 3spring. 7l@74c; No. 2 red,
1Hc. Corn--No.2. 341a@3Sc. Oats-No 2,
454@2S19c. Rye-No. =, sac. Barley-No
:, SIC. Flax Seed-No. l, S1.051s@1.O9. limo
Thy Seed-Prime, S1.15 Mess pork. per Dbl,
f2075. Lard per 100 lbs, ST.45. Short ribs
sides, loose, 1885; dry sailed shoulders, boxed,
s6.10@6.25; short clear sides. boxed, SIS. roo
5.15. Whisky, distillers finished goods per gal,
Ellis. Sugar-Cut loaf 6A@659c; granu-
ateG, 61gc; standard A, sac. Receipts
Flour, $4,000 bbls; wheat, $4,000 bu: corn,
$4,000 bu: oats, $4,000 blu; rye. 1000 bu;
barley, Il, 900 bu. Shipments-Flour, $4,000
bbls; wheat, 1000 .bu; corn, o., 600 bu:
oats, $4,000 bu: rye, 1000 bu; barley, 5000
Blu. On the produce exchange to-day the
butter market was easy; creamery, 22026c
per ID ;rdairy, 2l@25c. Eggs steady. 12@1215c
r. M. NEWPORT & SON,
Investment Bankers, 152, 1853, 154 Drake Block,
Loan Money on Improved Real Estate Security, at
8. So, 7, TX and 8 per cent
On shortest notice for any amounts.
Duluth Wheat
Special to the Globe.
DULUTH, Mimi, April 12.-May wheat was
TSc to-day, the lowest point reached since the
bull clique centering al Chicago began opera
lions six weeks ago. The weakness is due to
combination of causes. all of which have
been repeatedly referred to in the past, for
nothing new developed to-day. Quiet mar
kets abroad and lack of interest on this side
are as much responsible as anything else now
existing outside of old stock arguments and
conditions for to-days low prices. There were
absolutely no new features at all to-day until
just at the close, when bad crop reports were
circulated. No particulars were received
here. and they were without effect in this
market. The clearances for the day amounted
to III, 600 bushels at New York, Philadel phia
and Baltimore. Receipts here are small If
elevator ~ is ready for wheat next week
there will doubtless soon be rush this way
though little is heard of any disposition to-
ship from country elevators. A good deal
will eventually come in for May delivery if
room is found for it. Cash wheat No. 2 hard
sold at re: May opened at 1870, sold soon
afterward at 7Sc, ranged for rest of the
morning between those two prices and
closed at 7S@7S1sc bid June opened at 795Sc
bid. sold at 797a07934c, and closed at 1880
bid. Afternoon board-May sold at 7S1Ic,
and June at 1890; at close May was at 7Sc
sellers and June 79%c bid. At the close
:o-day our market was sc below Chicago
Ears on track this morning, 6; car receipts
FOR week, %.
MICHAEL DORIAN & CO.,
COMMISSION NERCu ANTS Cr DAFT. ,rrx>,